Lam Research Corporation $LRCX Holdings Decreased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lowered its stake in Lam Research Corporation (NASDAQ:LRCX) by 41.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,931 shares of the semiconductor company’s stock after selling 44,310 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Lam Research were worth $20,345,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. World Equity Group Inc. raised its position in shares of Lam Research by 0.5% during the 2nd quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company’s stock worth $2,416,000 after buying an additional 29 shares in the last quarter. Vann Equity Management LLC boosted its holdings in shares of Lam Research by 1.1% in the third quarter. Vann Equity Management LLC now owns 2,873 shares of the semiconductor company’s stock valued at $944,000 after acquiring an additional 31 shares in the last quarter. Tenzing Financial LLC boosted its holdings in shares of Lam Research by 3.5% in the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company’s stock valued at $441,000 after acquiring an additional 34 shares in the last quarter. Advus Financial Partners LLC boosted its holdings in shares of Lam Research by 1.0% in the second quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company’s stock valued at $1,550,000 after acquiring an additional 34 shares in the last quarter. Finally, Paragon Private Wealth Management LLC increased its stake in shares of Lam Research by 1.3% during the second quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company’s stock valued at $1,178,000 after acquiring an additional 35 shares during the period. Institutional investors own 84.61% of the company’s stock.

Insider Activity at Lam Research

In other Lam Research news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the transaction, the insider owned 42,462 shares in the company, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the transaction, the director directly owned 20,995 shares in the company, valued at $6,607,966.30. This represents a 31.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LRCX shares. Rothschild & Co Redburn boosted their target price on Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. UBS Group cut their target price on Lam Research from $435.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, September 1st. Jefferies Financial Group set a $335.00 price target on Lam Research and gave the company a “buy” rating in a research note on Thursday, July 30th. Needham & Company LLC reiterated a “buy” rating and set a $390.00 price target on shares of Lam Research in a research report on Thursday, July 30th. Finally, Citigroup reissued a “buy” rating and issued a $450.00 price objective (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $364.59.

Lam Research Stock Performance

NASDAQ:LRCX opened at $301.11 on Wednesday. The company has a 50-day moving average of $310.95 and a 200-day moving average of $307.35. The firm has a market cap of $376.82 billion, a price-to-earnings ratio of 52.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.85. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a twelve month low of $134.04 and a twelve month high of $438.50.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the previous year, the firm earned $1.33 EPS. The business’s revenue for the quarter was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Analysts forecast that Lam Research Corporation will post 9.34 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, September 23rd. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 dividend on an annualized basis and a yield of 0.4%. Lam Research’s payout ratio is 22.92%.

Key Stories Impacting Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Analysts continue to raise their outlook. Erste Group Bank lifted its FY2027 EPS estimate to $9.40 from $9.34 and its FY2028 estimate to $11.99 from $11.68. DBS Bank also raised its price target to $416, while the broader analyst median target cited by Quiver Quantitative is $387.50. DBS Bank raises Lam Research price target
• Positive Sentiment: Expectations for the coming results remain favorable. UBS reportedly expects Lam Research, Texas Instruments and Western Digital to deliver strong results and guidance. Lam’s latest quarter featured record revenue and earnings, while its current guidance points to continued year-over-year growth. UBS expects strong results and guidance
• Neutral Sentiment: Earnings are the next major catalyst. Lam Research is scheduled to report results on Wednesday, making its revenue, margins, orders and forward guidance especially important for determining whether the recent weakness is temporary. Lam Research earnings preview
• Negative Sentiment: Sector-wide profit-taking is pressuring LRCX. Applied Materials, Lam Research and KLA all declined as investors reassessed elevated AI-related valuations and reduced exposure to semiconductor-capital-equipment names ahead of industry earnings. Semiconductor equipment stocks slide
• Negative Sentiment: Momentum has weakened. Reports indicate Lam Research shares have declined for seven consecutive sessions. Recent insider activity also shows selling without reported open-market purchases, which may add to investor caution, although the broader selloff appears to be the primary driver. Why Lam Research stock is down

About Lam Research

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.